| Unemployment hits 10.2%
Posted: 11/6/2009 7:04:48 AM | Unemployment rises to 10.2 percent; black unemployment rises to 15.7 percent
In all seriousness folks...I am not going to bash the administration. I think the stimulus plan is not working and our leaders need to rethink what they are doing with the money. I was against the stimulus plan when Bush did it and I am against the one Obama did. Buy outs of GM and banks and the bail out of wall street. We have employers laying off more and more people and there is no end in site. I do not think we are out of the recession and it is going to get worse.
As for the bail outs, GM should have filed bankruptcy and restructured, the wall street gang are the ones who got us into some of this mess and they should have been forced to restructure as well. As for Fannie and Freddy, Bill Clinton, Barney Frank and even Republicans should never have given them the go ahead to give loans to people who could not afford them.
This is a mess ....
http://thedailyvoice.com/voice/2009/11/unemployment-rises-to-10-perce-002381.php
Staff Reporter | Posted November 6, 2009 8:37 AM
The unemployment rate in October soared to 10.2 percent while black unemployment rose to 15.7 percent, the Labor Department reported on Friday.
The overall unemployment rate was the highest rate in 26 years, but the numbers do not reflect the millions of Americans who have stopped looking for work and are no longer counted as unemployed. The last time the official unemployment rate was at 10 percent or higher was in April 1983.
While GDP statistics indicate the country is no longer in recesssion, the U.S. economy shed 190,000 jobs in October, according to the Bureau of Labor Statistics. The largest job losses over the month were in construction, manufacturing, and retail trade.
The unemployment rate for teenagers was also high at 27.6 percent.
The news comes as President Obama and Congress struggle to pass a major health care reform bill and just days after closely watched elections in New York, New Jersey and Virginia on Tuesday. | |
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| Unemployment hits 10.2%
Posted: 11/6/2009 7:26:30 AM | General Motors sales are up and Ford is showing a small profit, great news.
FIAT outlined its plans for Chrysler, hope they work too.
Other countries have helped their car industries.
good on them
cheers. | |
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| Unemployment hits 10.2%
Posted: 11/6/2009 7:28:00 AM | Why do I have a feeling that this is just the official report and our unemployment is really much higher.
I dont think that this is any surprise to anyone who has been keeping abreast of the news.
Seems that even Obama and the Democrats do not see a decrease in unemployment in the near future; not this year at least.
What increases we did see in our GDP were mostly due to the push the rebates the government has been giving on cars, houses and appliances. How long can us as taxpayers sustain these numbers, for it seems that there is going to be another House Buying rebate. | |
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| Unemployment hits 10.2%
Posted: 11/6/2009 7:40:45 AM | | OBama DOES not care about UNEMPLOYMENT...his ego gets in the way of the good of whats good for AMERICA why is Health Care Reform that wont go into effect for 99% of Americans til 2013 or so important right now?Because it distracts from the economy,,,,, Unemployment is 10.2% that means about 16 MILLION people not working.....OBAMA sucks there is no excuse for him to not put all of his efforts into addressing the ECONOMY...I am sick and tired of all the OBAMA supporters spewing their ill conceived misinformed opinions about the economy and what Obama has done to improve it...HE hasn't done crap.....the economy leveled off a little because of TARP and TIME....No REAL Job creation..IF he had done anything positive the unemployment rate would not be continuing to rise....HE is either really stupid or he is a LIAR....He sold the Stimulus plan would keep unemployment under 8% ....WTF? There is no excuse....Dude needs to resign.... | |
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| Unemployment hits 10.2%
Posted: 11/6/2009 7:54:05 AM | | First of all there is no such thing as a "Saved" job we need to quit perpetuating this LIE......very few jobs have actually been created in the 10 months that he has been President..he can't blame anyone but himself for his "Stimulus" plan not working... | |
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| Unemployment hits 10.2%
Posted: 11/6/2009 7:56:24 AM | I understand the frustration folks. But I really did not start this thread to bash Obama. Strange coming from me...but true.
There has to be something done. I do not care who does it. Democrats or Republicans..something needs to be done and fast. We can see the stimulus plans did not or are not working so what is to be done?
I wish the President and those in Congress and the Senate would stop all the in fighting and FOR ONCE..do what is right. Only problem is...nobody seems to knows what is RIGHT.
If they want to reform health care that is good to a point, but it needs to be put on the back burner and our leaders need to concentrate on jobs,jobs,jobs..... | |
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| Unemployment hits 10.2%
Posted: 11/6/2009 8:17:02 AM |
I understand the frustration folks. But I really did not start this thread to bash Obama.
Ok, I am doubtful but lets pretend that is true. Since you feel the stimulus isn't working may I ask what would you do if you were president. How would you go about creating jobs.
Lets hear your plan and how would it work. | |
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| Unemployment hits 10.2%
Posted: 11/6/2009 8:29:54 AM | Raise taxes on the over 250k folks and the result is lay offs and job termination
Extend unemployment benifits and the result is a lack of incentive to get an above board job.
Perhaps the plan is for the government to take over everything and become the sole employer of the American people. If that's the case then it'll take time to completly destroy the private sector and set up a government shop.
I think the quickest way to create jobs is to facilitate the creation of free enterprise which could be accomplished by easing restrictions and lowering taxes but it seems I'm just standing on the beach telling the waves to go the other way. | |
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| Unemployment hits 10.2%
Posted: 11/6/2009 8:36:48 AM |
Since you feel the stimulus isn't working This is a funny quote...since you feel...what a crock...the stimulus is not working...how bad does it have to get before Obama zealots will accept the reality...this administration just makes up numbers to deceive Americans.....GDP number LIE and Jobs Created or Saved(lol) LIE... | |
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| Unemployment hits 10.2%
Posted: 11/6/2009 8:48:28 AM |
Raise taxes on the over 250k folks and the result is lay offs and job termination
Why does this cause layoffs? And what is a proper level of taxation on income over 250K?
Raise taxes on the over 250k folks and the result is lay offs and job termination
Extend unemployment benifits and the result is a lack of incentive to get an above board job.
Do you really think all those unemployed don't want to work? And if so, do you support getting rid of unemployment benefits totally?
I think the quickest way to create jobs is to facilitate the creation of free enterprise which could be accomplished by easing restrictions and lowering taxes but it seems I'm just standing on the beach telling the waves to go the other way.
Specifics, I am looking for specifics. What restrictions would you eliminate and what taxes will you lower? And what would you cut to compensate for the lower taxes? | |
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| Unemployment hits 10.2%
Posted: 11/6/2009 8:50:25 AM |
This is a funny quote...since you feel...what a crock...the stimulus is not working...how bad does it have to get before Obama zealots will accept the reality...this administration just makes up numbers to deceive Americans.....GDP number LIE and Jobs Created or Saved(lol) LIE...
I don't know why you think that's a funny quote. But whatever. I have the same question for you. How would you go about creating jobs without raising the deficit? | |
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| Unemployment hits 10.2%
Posted: 11/6/2009 9:09:45 AM | Here is a question for you, Obama is supposed to be so intelligent and allegedly appointed the best and the Brightest if this is true why can't they come up with a solution that will actually work? and how could the have been so far off in their estimates of the effect of their "Stimulus" plan? Could it be that they knew that their plan wasn't really about Stimulus? have you read the plan? there is an awful lot of stuff in it that does not stimulate the economy.....If they had made a real effort to make a plan to stimulate instead of implementing their Liberal agenda policies it might have worked...
It is not our job to create jobs, Obama promised to create jobs...he has fallen way short of his Promise... | |
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| Unemployment hits 10.2%
Posted: 11/6/2009 9:29:14 AM | | Jacks; Are you really looking for specifics or are you simply looking for more of a reason to object ? There's no real reason for you to become dependent upon me for specifics. I'm sure you are perfectly capable of finding specifics on your own and sharing them if you're willing to explore the concept I offered but as an example think about how many jobs could be created if restrictions on oil drilling were lifted and the tax on earnings was reduced by 5 percentage points coupled by an equal reduction in funding for say Acorn | |
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| Unemployment hits 10.2%
Posted: 11/6/2009 9:49:12 AM |
Here is a question for you, Obama is supposed to be so intelligent and allegedly appointed the best and the Brightest if this is true why can't they come up with a solution that will actually work? and how could the have been so far off in their estimates of the effect of their "Stimulus" plan? Could it be that they knew that their plan wasn't really about Stimulus? have you read the plan? there is an awful lot of stuff in it that does not stimulate the economy.....If they had made a real effort to make a plan to stimulate instead of implementing their Liberal agenda policies it might have worked...
It is not our job to create jobs, Obama promised to create jobs...he has fallen way short of his Promise...
Your great at the pass the buck and the blame game, you have no answers and no solutions so you just continue pointing the finger
"We" did not arrive at this point in the last ten months it took years for "us" to get here and my uneducated guess is that it is going to take years before "we" stop feeling the economic effects of "GLOBILIZATION" Whether it was avoidable or inevitable or not I am not sure, but this is it get used to it things are changing and the only thing that can be done is to try and limit the impact enough that "we" can survive as a nation.
Keep whining and finger pointing if it makes you feel better but it sure ain't going to stop what is happening right now and truthfully I don't think that if President Obama could walk on water that he could turn this economic down turn around.
If you have an idea now is the time to let the secret out of the bag | |
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| Unemployment hits 10.2%
Posted: 11/6/2009 9:55:47 AM | I'm glad I'm a dorky coin collector and added so many gold and silver coins to my collection over the past 10 years.The way things are going I might have to sell them in the future. Who knows. Very scary.
Anyways this over 10% unemployed really sucks. What ever happened to all of those "shovel ready projects" we heard so much about?
As far as the Obama stimulus is concerned. I heard a while ago that a huge portion of stimulus money is going to be injected into the economy right before the 2010 elections. By doing that the unemployment numbers could come down and the Democrats could claim a small victory and use that small victory as a argument for re-electing them. But it would only be short lived and unemployment could rise again after everyone has been re-elected and the stimulus spending comes to a close.
If I lost my job I'd have to go back into the military...ugh. I am truly thankful that I have a job cuz this is terrible.
Just imagine if John McCain was elected President and unemployment hit 10%. The liberals would be going crazy. Things like Nafta have really hurt this Nation. And I thought Obama promised us he was going to re-negotiate Nafta if he was elected to the office of President. I guess we have 3 years to wait for that promise to be fulfilled. | |
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| Unemployment hits 10.2%
Posted: 11/6/2009 10:09:36 AM |
Unemployment rises to 10.2 percent; black unemployment rises to 15.7 percent
Hmm... I'm surprised that those colorblind among us didn't take issue with this racial categorization. Actually, I'm not that surprised as this isn't an article they want to find fault with.
While GDP statistics indicate the country is no longer in recesssion, the U.S. economy shed 190,000 jobs in October...
I asked a friend of mine who is a financial planner about these seemingly contradictory claims. He told me that unemployment lags a recession. Businesses have to lay off workers to get back into the black, see. While that is cold comfort to the unemployed, it does indicate that the economy is beginning its recovery, as slow as it may seem to those who are suffering.
Voters have never been known to be a patient group-- particularly those who didn't get the candidate they voted for. To paraphrase another president talking about oil prices, I'm sure that if Obama could wave a wand and say, "Create jobs," he would.
Economists will usually claim that a president's power to restore the economy is limited. However, the fact of the matter is that things could have gotten a whole lot worse. Actually, I thought they would. The question is not so much "Is the economy getting better?" but rather it is "Could Presidents Bush and Obama have helped the faltering economy in a more fiscally efficient manner?"
OBama DOES not care about UNEMPLOYMENT
You could not be more blunt and unfair if you were Kanye West. According to your reasoning prior to the elections, shouldn't Obama at least care about the black unemployment (with their higher percentage noted in the OP)? | |
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| Unemployment hits 10.2%
Posted: 11/6/2009 10:19:12 AM |
Here is a question for you, Obama is supposed to be so intelligent and allegedly appointed the best and the Brightest if this is true why can't they come up with a solution that will actually work?
And how do you know the plan isn't working? Surely you weren't expecting this thing to turn around on a dime did you? This was the most serious worldwide economic crisis since the depression. Just the fact that you have managed to avoid a depression tells me its working. Yes job losses are going to be great during this thing but what would the losses have been without the stimulus. I guess what I am trying to figure out is what would you have done different? How would you have liked to see jobs created? How would you go about it?
Or are you just a sideline cheerleader hoping for failure so you can say "I told you so."? | |
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| Unemployment hits 10.2%
Posted: 11/6/2009 10:37:28 AM |
Jacks; Are you really looking for specifics or are you simply looking for more of a reason to object ? There's no real reason for you to become dependent upon me for specifics. I'm sure you are perfectly capable of finding specifics on your own and sharing them if you're willing to explore the concept I offered but as an example think about how many jobs could be created if restrictions on oil drilling were lifted and the tax on earnings was reduced by 5 percentage points coupled by an equal reduction in funding for say Acorn
I am really looking for specifics. I have said before what I think. Basically to create jobs the government has to spend money. Yes there are right ways to spend that money and wrong ways. Right ways are shovel ready infrastructure projects. Wrong ways are to give the rich tax breaks. Reason is the infrastructure project will create more jobs while the rich will take their tax break and go on a Caribbean vacation.
Tax breaks for the poor works because they spend most of what they earn.
Your suggestion on lifting restrictions on oil drilling is what I am looking for. How many jobs will that create and are you suggesting oil drillers do what they want, where they want, the environment be damned? And would you support drilling in Yellowstone Park? Or right beside Mount Rushmore?
As for the 5% tax reduction paid for by cutting off ACORN. That is laughable. ACORN has received 31 million over ten years. An across the board tax reduction of 5% would cost the treasury I would guess hundreds of billions of dollars.
http://blog.heritage.org/2008/10/22/acorn-received-31-million-in-government-funding-since-1998/ | |
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| Unemployment hits 10.2%
Posted: 11/6/2009 10:55:29 AM | Dmotz you might remember about a year ago when Bush started this I told you all what needed to be done. It still hasn't been and no one wants to face the hard truth of it. You're right the stimulas isn't working its just creating another bubble. We aren't producing anymore indeed we are producing less. We are still sending jobs away and having outside producers make more stuff that we aren't buying glutting up their warehouses all because the greedy ones at the top still haven't learned the basic lessons true lessons of econmics.
Growth doesn't come from the top.. you NEED to tax and charge the money out of the top because short of Divine intervention, revolution, or the government as a rule they do no spend it. It's the lesson of Scrooge.. unless something makes them see their mortality the money doesn't flow. People need money to buy the goods that are made and most of the goods made round the world are intended for our markets.. the sad truth being that's the cause of the huge trade gap. And if we don't start becoming protectionist the corporates are going to turn us into a 3rd world nation. | |
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| Unemployment hits 10.2%
Posted: 11/6/2009 11:24:51 AM |
Or are you just a sideline cheerleader hoping for failure so you can say "I told you so."? its not working anyone who can see clearly knows that its not, of course I don't want Obama to fail in his efforts to keep down unemployment or to create jobs.....I don't agree with his policies but I want to see everyone that lost their jobs get the chance to find gainful employment....job creation is one place I hope that he succeeds .....and stabilizing the economy.....
Obviously by his own estimates and promises his stimulus is failing...remember not to rise above 8%..... | |
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| Unemployment hits 10.2%
Posted: 11/6/2009 11:29:45 AM | Just imagine if John McCain was elected President and unemployment hit 10%.
It wouldn't matter who was president people would be angry at the unemployment being this high; Democrat or Republican.
People who say that we are upset at the unemployment just because of who is president are way off base.
The Stimulus is not working and what very few jobs that were saved or created cost the American tax payers in the hundreds of thousands of $$$ per job..
Obama was supposed to be the man who could fix what Bush did. Now all we hear is how it all Bush's fault as Obama and the Democrats find more ways to spend money while more and more people lose their jobs and homes. | |
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| Unemployment hits 10.2%
Posted: 11/6/2009 11:35:25 AM |
of course I don't want Obama to fail in his efforts to keep down unemployment or to create jobs.....I don't agree with his policies but I want to see everyone that lost their jobs get the chance to find gainful employment....job creation is one place I hope that he succeeds .....and stabilizing the economy.....
Ok I will take your word on that. But Republicans are officially now the party of crazy people. Well lets say moderates need not apply.
Republican National Committee chairman Michael Steele told ABCNews.com today that he'll "come after" Republicans who support the stimulus or health care reform. He also said "we want to partner as much as possible" with tea partiers.
http://tpmlivewire.talkingpointsmemo.com/2009/11/steele-to-gop-ers-who-support-health-care-stimulus-well-come-after-you.php | |
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| Unemployment hits 10.2%
Posted: 11/6/2009 12:58:54 PM | Lets hear your plan and how would it work.
Here's something I think they should do which would actually be a good return on the dollar. Take Detroit for instance. Many areas of the city are just run down, commercial buildings and homes. These abandoned properties go on forever.
Now just imagine if they hired 10,000 people to dismantle these ruins and load them into dumpsters, hired the truckers to haul it off, hire other people to recycle whats reusable. What we would get is an actual bang for the buck. Now we have clear land to sell to the private industry and places for people to go to work every day. There are years of cleanup across this country.
Instead the money gets cycled from organization to organization so by the time it finally hits the streets you would be lucky to get a 10% return on the initial investment.
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| Unemployment hits 10.2%
Posted: 11/6/2009 2:04:00 PM | I was serious folks..this is not a bash Obama thread. I hear my side{conservative] and I hear the opposing sides. What I want to know is what you think should be done?
I believe we should give incentives to those companies that left and went abroad. I think NAFTA WAS A BIG MISTAKE. How about we not buy products from who were once US based companies till they come home and provide jobs. If it takes tax breaks to get them here then so be it.
We have to find a way to get these companies back on our soil. Hey FIREKNIGHT...I somewhat recall your post from a years or so ago..would you mind reposting it?
The stimulus is not working folks. If it was working, the democrat claims of unemployment NOT REACHING 8% would be accurate.
FLYGUY...the article is true..Why is the rate higher for African Americans? I do not know, but it is a shame either way. Your feeble attempt to make me out to be a racist is a flop.. | |
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